Sierra Summit Advisors LLC Has $3.07 Million Holdings in International Business Machines Corporation $IBM

Sierra Summit Advisors LLC trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM) by 27.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,413 shares of the technology company’s stock after selling 3,885 shares during the period. Sierra Summit Advisors LLC’s holdings in International Business Machines were worth $3,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lifestyle Asset Management Inc. lifted its holdings in International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after buying an additional 36 shares in the last quarter. Whelan Financial raised its position in shares of International Business Machines by 2.4% during the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after acquiring an additional 36 shares during the last quarter. Ignite Planners LLC lifted its stake in shares of International Business Machines by 0.9% during the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC boosted its holdings in International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after acquiring an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC increased its position in International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 2.4%

IBM opened at $297.36 on Friday. The firm’s fifty day moving average is $289.55 and its two-hundred day moving average is $273.24. The firm has a market cap of $277.95 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is 80.38%.

Analysts Set New Price Targets

IBM has been the topic of several recent research reports. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. Morgan Stanley cut their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Royal Bank Of Canada reduced their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. UBS Group upped their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday, October 23rd. Finally, Stifel Nicolaus reduced their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $291.08.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.